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20130113
20130121
Search Results 0 to 3 of about 4 (some duplicates have been removed)
ceiling by a few months but still has major budget cuts to deal with this spring. do you see his relationship with republicans improving at all as they try to fix this crisis? >> it is going to be a real confrontation. the republicans did blink. that's exactly right, bianna, and said they don't want this over the debt limit that was supposed to hit in february and extend it, as he said, probably until april. the president will sign that which gives them a space to try to come up again with some kind of big budget deal before those across-the-board budget cuts hit in march, and the government is set to shut down at the end of march. there is no question that these big fiscal issues, taxes and spending are going to define the first quarter of the president's second term. >> george, talk about this term, the second term curse. we -- reagan had iran-contra. nixon, of course, had watergate. clinton had monica lewinsky. but why is it that they tend to go sour. >> lyndon johnson didn't even make it to the second term. he had to resign because of vietnam. ever since roosevelt and the ame
, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made
Search Results 0 to 3 of about 4 (some duplicates have been removed)